Hecker Johannes Rolf Peter 4

What Happened
Johannes R. Hecker, Chief Revenue Officer & EVP of Consensus Cloud Solutions (CCSI), had performance-based awards convert into 13,986 shares (5,000 on 6/16 and 8,986 on 6/17). To cover tax withholding on the vesting, 2,444 shares (6/16) and 4,392 shares (6/17) were surrendered/disposed for total proceeds of $84,856 and $150,162 respectively (combined ≈ $235,018). The transactions are recorded as exercises/conversions of derivatives (M) with related tax withholding dispositions (F).

Key Details

• Transaction dates: 2026-06-16 and 2026-06-17. Withholding sale prices: $34.72 (2,444 shares) and $34.19 (4,392 shares).
• Total shares issued/received on vesting/exercise: 13,986 (5,000 + 8,986). Total shares withheld/disposed for taxes: 6,836 (2,444 + 4,392). Net new shares retained ≈ 7,150.
• Cash amounts from withheld shares: $84,856 and $150,162 (total ≈ $235,018).
• Footnotes: withholding was to cover tax liability on vested Performance Stock Units (PSUs). The 5,000-share vesting reflects achievement of a 2023 PSU performance condition (F3); the 8,986-share vesting reflects achievement of a 2024 PSU performance condition (F4). Footnote also notes 657 shares from an ESPP purchase (F2) are included in reported holdings.
• Filing: Form 4 filed 2026-06-18 reporting 6/16–6/17 transactions (no late filing indicated).

Context

• These were not open-market purchases or discretionary sales; they reflect the conversion/vesting of PSUs and the routine withholding of shares to satisfy tax obligations (transaction code F). This is a common, non-speculative administrative sale rather than a signal of directional sentiment.
• For clarity: M = exercise/conversion of a derivative (here, PSUs converting to shares); F = shares withheld/disposed to pay tax liabilities (cashless withholding).